Exports static, imports soar in Oct.

The country’s external sector came under severe pressure in October as exports struggled and imports jumped, widening the trade deficit further. The higher growth in imports was despite measures by the Central Bank in September and October to curtail waste of foreign exchange on non-essential goods. Exports managed to grow by only 0.4% to $ 979 million in October and failed to repeat the crossing of $ 1 billion mark, a feat achieved four times between January and September. –Daily Ft

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